Colombia’s churches report $4B income, real income likely much higher: Report

[Judi Lynn]

Colombia’s churches report $4B income, real income likely much higher: Report
Apr 18, 2014 posted by Adriaan Alsema

Registered churches in Colombia drive at least $4 billion in tax-free revenue a year, according to the country’s tax office. However, the majority of religious institutions in the country fail to file a tax report.

Radio station Caracol talked to the director of the DIAN, the national tax office, who said that this money had been reported as income by some 5,000 formally registered churches.

According to DIAN director Juan Ricardo Ortega, the real income of religious institution is likely to be higher as only 40% of churches report their tax-free income to the tax office.

In spite the majority of churches failing to abide to tax law, Ortega told the radio station that “the majority of churches carry out a labor dedicated to honesty, but there are some exceptions.”

More:
http://colombiareports.co/colombias-churches-report-4b-income-real-income-likely-much-higher-report/

[msongs]

1. the organized crime is green with envy nt